"Auto Ancillary Market in India 2014" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Mar 26 2015

The report highlights the analysis of the drivers and explains the factors for growth of the industry. Growing Automotive industry, the auto after market demand, the healthy economic outlook also opportunities from new US IT Compliance Law, are the key drivers of this market. Auto makers are placing bulk orders for supply of auto parts to the auto parts manufacturers. India is also an attractive destination for the foreign investors with consistently increasing FDI in the automobile sector. The original equipment manufacturers (OEMs) and the aftermarket or replacement market are the two prime source of demand for auto components in India but Strong aftermarket provides better sales stability and higher operating margins than an OEM.

There are various challenges too that the Auto Ancillary industry faces, Rising labor costs, Counterfeit Market, Technical Inefficiency and depreciating currency are the major challenges faced by the auto ancillary industry. Rise in steel prices further adds to the cost disadvantage as steel is a primary raw material for the auto ancillary industry. Organized sector facing serious threats from rapidly growing counterfeit market in India, Fake auto parts hold a considerable amount of share of the total aftermarket. Since the finishing and packaging of fake parts closely replicate the original products, consumers fail to differentiate between the fake and original parts. Depreciating currency has adverse impact on the imports resulting in declining profits for the import dependent auto parts manufacturers. However, on the positive side, it has increased the cost-competitiveness of exports and also OEMs will look towards sourcing from local players due to higher price of imports

Full Report Details at
- http://www.fastmr.com/prod/965735_auto_ancillary_market_in_india_2014.aspx?afid=302

Government has plans of setting up the National Automotive Board (NAB) which will act as a catalyst between the government and the auto parts industry. Auto Component manufacturing companies should identify the long term growth pockets and enhance global competitiveness accordingly. They should diversify into adjacent fields of business, such as defense, construction, farm implements etc. They should also cooperate with government to enhance country competitiveness.

Companies Mentioned in this Report: Amtek Auto Ltd., Bharat Forge Ltd., Bosch Ltd., Exide Industries Ltd., Lumax Industries Ltd., Mahindra CIE Automotive Ltd., Minda Industries Ltd., Motherson Sumi Systems Ltd., Rane Holdings Ltd., Sundram Fasteners Ltd., Wheels India Ltd.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Research Report on Automobile Wiring Harness Industry in China, 2014-2018
- Global E-retailing in Automotive Aftermarket 2014-2018
- Logistics Services Market in India 2015
- Global Automotive Auto Dimming Mirrors Market 2014-2018
- Small Arms Market - Forecast & Analysis (2014-2020)

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: P
Contact Phone: 1-413-485-7001

Visit website »